All of the Following Are True of Government Markets Except

question 193

Multiple Choice

All of the following are true of government markets except

• A) the government is the largest customer group in all countries.
• B) most government customers buy by specification using a mandatory bidding procedure.
• C) the government buyer must often accept the lowest bid that meets the specifications.
• D) by law, a government unit might have to accept the lowest bid even for an unwanted product.
• E) government purchases are usually subject to much public review.

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Definitions:

Lean Business Model

A philosophy that emphasizes eliminating waste while delivering products or services that meet customer needs.

Elimination of Waste

This term typically refers to efforts to reduce non-value-adding activities in a process, often in the context of lean manufacturing or production to improve efficiency and effectiveness.

Process Reengineering

Process Reengineering involves the radical redesign of core business processes to achieve dramatic improvements in productivity, cycle times, and quality.

Strongly Accepted

A term or concept that is widely acknowledged and embraced by a majority within a certain context or community.